Blue Trust Inc. Boosts Stake in Ameren Corporation $AEE

Blue Trust Inc. lifted its stake in Ameren Corporation (NYSE:AEE) by 30.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,949 shares of the utilities provider’s stock after buying an additional 693 shares during the period. Blue Trust Inc.’s holdings in Ameren were worth $283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AEE. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Ameren in the first quarter worth about $25,000. Fortitude Family Office LLC boosted its position in shares of Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after buying an additional 294 shares during the period. SouthState Corp purchased a new stake in shares of Ameren in the first quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new stake in shares of Ameren in the second quarter worth about $34,000. Finally, ORG Partners LLC boosted its position in shares of Ameren by 74.5% in the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Ameren Trading Up 0.7%

Shares of NYSE AEE opened at $104.24 on Wednesday. The stock’s 50 day moving average price is $101.33 and its two-hundred day moving average price is $98.73. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $105.67. The stock has a market capitalization of $28.19 billion, a P/E ratio of 22.91, a PEG ratio of 2.60 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.Ameren’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio is presently 62.42%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Barclays cut their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. UBS Group boosted their price target on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, KeyCorp set a $104.00 price target on Ameren and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average price target of $105.75.

Ameren Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.